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The average price of a gallon of regular-grade gasoline rose 9 cents nationally over the past two weeks, to $2.43. Industry analyst Trilby Lundberg said Sunday that increased oil prices and the U.S. missile strike on a Syrian airbase contributed to the rise. She says that unless oil prices retreat ...

South Korea’s imports of US goods have increased sharply this year in an apparent reflection of Seoul’s efforts to reduc

Ozioma Ubabukoh The Lagos State Government has agreed to inject the sum of N1bn into the Lagos Building Investment Company for it to meet the minimum capital required by the law to remain in operation as a primary mortgage bank. The Managing Director and Chief Executive Officer, LBIC, Folasade Folivi, ...

Olalekan Adetayo, Abuja President Muhammadu Buhari on Sunday congratulated businessman and philanthropist, Alhaji Aliko Dangote, on his 60th birthday. According to a statement by his Special Adviser on Media and Publicity, Mr. Femi Adesina, the President joined the business world, Dangote’s friends and family in congratulating “the Forbes-rated richest African ...

Nike Popoola The Nigerian Insurers Association has said it will enforce market discipline among its members and ensure the attainment of other goals. The Chairman, NIA, Mr. Eddie Efekoha, said this in Lagos during a retreat for chief executive officers of insurance companies. “Recall that on my election as the ...

Ifeanyi Onuba, Abuja The Central Bank of Nigeria on Sunday vowed to sustain its intervention in the foreign exchange market to ensure liquidity in that segment of the financial sector. The Acting Director, Corporate Communications, CBN, Mr. Isaac Okorafor, stated this in a statement issued in Abuja. He said as ...

The President, Dangote Group, Aliko Dangote, has said his belief in Nigeria economic potential remains unshaken just as President Muhammadu Buhari has felicitated with Africa’s richest man and philanthropist on his 60th birthday today (Monday). The business mogul told a group of businessmen in his office in Lagos that his ...

Before we ask President Muhammadu Buhari to declare his hospital bills from London, let all members of the National Assembly declare their monthly entitlements and allowances. The declaration should begin from the Senate President, Speaker of the House of Representatives to the least law maker. The lawmakers must tell us ...

Afeez Hanafi  The Lagos State Governor, Akinwunmi Ambode, has commenced the Lagos@50 celebrations with a movie premiere, ‘Wakaa The Musical’, assuring youths of the government’s resolve to boost the state economy through support for entrepreneurship. He said the government would provide an enabling environment and make policies that would enhance ...

Aside from gas shortage, private investors are scared of firming up their relationship with operators in the  power sector, it was gathered at the weekend. It was learnt that many private investors expressed reservation about getting Returns On Investments   due to the poor operating environment.As a result, they are not ...